Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
BTB-UN.TO - Average growth of $100 invested at start of year
5 years of data
Nov is the seasonally strongest month over 5Y.
Nov averages +6.8% with a 67% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -3.6% with only a 43% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +8.6% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -0.4% historically, with January alone posting a 67% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -11.5% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.56% | -3.25% | -4.60% | 3.30% | -2.69% | 3.32% | -0.91% | 0.92% | -3.80% | 1.92% | ||
| 2025 | -0.76% | 4.69% | -0.43% | -0.15% | 7.27% | 2.09% | 0.68% | 2.61% | 1.48% | 4.68% | 2.69% | 3.66% |
| 2024 | 5.96% | -1.80% | 6.17% | -0.16% | 4.64% | -2.92% | 3.67% | 3.88% | 9.49% | -1.27% | 2.12% | -5.72% |
| 2023 | 6.71% | -0.11% | -6.11% | -7.41% | -1.68% | 1.12% | 3.26% | -0.78% | -7.23% | -3.19% | -0.18% | 4.06% |
| 2022 | -1.47% | 3.02% | 5.02% | -1.99% | -3.24% | -9.38% | 4.04% | -0.68% | -12.40% | 5.80% | 12.99% | -2.26% |
| 2021 | 1.82% | 9.94% | 8.84% | -3.44% | 1.85% | -0.13% | 0.62% | 1.35% | -1.35% | 4.35% | -4.22% | 3.41% |
| 2020 | -7.73% | -33.85% | 30.19% | -21.45% | -2.68% | -1.14% | 1.81% | -3.10% | -0.88% | 27.67% | -2.33% | |
| Avg | 2.47% | 0.68% | -3.57% | 2.90% | -2.19% | -1.23% | 1.46% | 1.30% | -2.42% | 1.58% | 6.85% | 0.14% |
BTB-UN.TO - Average returns for the respective month in the last 5 years
BTB-UN.TO Distribution of Daily Returns from 2021 to 2026
BTB-UN.TO Distribution of Daily % Changes